SRG Stock Overview
Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure in Italy.
Price History & Performance
|Historical stock prices|
|Current Share Price||€4.96|
|52 Week High||€5.61|
|52 Week Low||€4.62|
|1 Month Change||-9.42%|
|3 Month Change||-3.69%|
|1 Year Change||1.64%|
|3 Year Change||13.48%|
|5 Year Change||29.98%|
|Change since IPO||67.57%|
Recent News & Updates
Snam (BIT:SRG) Is Increasing Its Dividend To €0.16
Snam S.p.A.'s ( BIT:SRG ) dividend will be increasing to €0.16 on 22nd of June. This will take the annual payment from...
|SRG||IT Gas Utilities||IT Market|
Return vs Industry: SRG underperformed the Italian Gas Utilities industry which returned 6% over the past year.
Return vs Market: SRG exceeded the Italian Market which returned -15.6% over the past year.
|SRG Average Weekly Movement||3.0%|
|Gas Utilities Industry Average Movement||4.0%|
|Market Average Movement||5.1%|
|10% most volatile stocks in IT Market||7.2%|
|10% least volatile stocks in IT Market||3.3%|
Stable Share Price: SRG is less volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SRG's weekly volatility (3%) has been stable over the past year.
About the Company
Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure in Italy. The company operates through Natural Gas Transportation, Liquefied Natural Gas (LNG) Regasification, and Natural Gas Storage segments. It provides natural gas transportation and dispatching services with approximately 32,700 kilometers of high-and medium-pressure gas pipelines; and owns and manages LNG regasification plants.
Snam Fundamentals Summary
|SRG fundamental statistics|
Is SRG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SRG income statement (TTM)|
|Cost of Revenue||€833.00m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 27, 2022
|Earnings per share (EPS)||0.46|
|Net Profit Margin||44.12%|
How did SRG perform over the long term?See historical performance and comparison
5.3%Current Dividend Yield
Is SRG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SRG?
Other financial metrics that can be useful for relative valuation.
|What is SRG's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does SRG's PE Ratio compare to its peers?
|SRG PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: SRG is good value based on its Price-To-Earnings Ratio (10.8x) compared to the peer average (14.2x).
Price to Earnings Ratio vs Industry
How does SRG's PE Ratio compare vs other companies in the Global Gas Utilities Industry?
Price-To-Earnings vs Industry: SRG is expensive based on its Price-To-Earnings Ratio (10.8x) compared to the European Gas Utilities industry average (10.8x)
Price to Earnings Ratio vs Fair Ratio
What is SRG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||10.8x|
|Fair PE Ratio||18.3x|
Price-To-Earnings vs Fair Ratio: SRG is good value based on its Price-To-Earnings Ratio (10.8x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).
Share Price vs Fair Value
What is the Fair Price of SRG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SRG (€4.96) is trading below our estimate of fair value (€5.53)
Significantly Below Fair Value: SRG is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: SRG is poor value based on its PEG Ratio (5.3x)
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How is Snam forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SRG's forecast earnings growth (2% per year) is above the savings rate (1.7%).
Earnings vs Market: SRG's earnings (2% per year) are forecast to grow slower than the Italian market (10.3% per year).
High Growth Earnings: SRG's earnings are forecast to grow, but not significantly.
Revenue vs Market: SRG's revenue (4% per year) is forecast to grow faster than the Italian market (0.3% per year).
High Growth Revenue: SRG's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SRG's Return on Equity is forecast to be low in 3 years time (15.4%).
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How has Snam performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SRG has high quality earnings.
Growing Profit Margin: SRG's current net profit margins (44.1%) are higher than last year (39.9%).
Past Earnings Growth Analysis
Earnings Trend: SRG's earnings have grown by 13.9% per year over the past 5 years.
Accelerating Growth: SRG's earnings growth over the past year (35.1%) exceeds its 5-year average (13.9% per year).
Earnings vs Industry: SRG earnings growth over the past year (35.1%) exceeded the Gas Utilities industry 31.4%.
Return on Equity
High ROE: SRG's Return on Equity (19%) is considered low.
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How is Snam's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SRG's short term assets (€1.8B) do not cover its short term liabilities (€4.1B).
Long Term Liabilities: SRG's short term assets (€1.8B) do not cover its long term liabilities (€11.5B).
Debt to Equity History and Analysis
Debt Level: SRG's net debt to equity ratio (158.1%) is considered high.
Reducing Debt: SRG's debt to equity ratio has increased from 164.2% to 180.1% over the past 5 years.
Debt Coverage: SRG's debt is not well covered by operating cash flow (19.7%).
Interest Coverage: SRG's interest payments on its debt are well covered by EBIT (16.6x coverage).
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What is Snam current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SRG's dividend (5.28%) is higher than the bottom 25% of dividend payers in the Italian market (1.71%).
High Dividend: SRG's dividend (5.28%) is in the top 25% of dividend payers in the Italian market (5.19%)
Stability and Growth of Payments
Stable Dividend: SRG's dividend payments have been volatile in the past 10 years.
Growing Dividend: SRG's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (56.9%), SRG's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (54%), SRG's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Stefano Venier (58 yo)
Mr. Stefano Venier has been Manager of Administration, Finance and Control at Gruppo Hera since 2010. Mr. Venier serves as Chief Executive Officer and Director at Snam S.p.A. since April 27, 2022. Mr. Veni...
Experienced Management: SRG's management team is seasoned and experienced (5.6 years average tenure).
Experienced Board: SRG's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Snam S.p.A.'s employee growth, exchange listings and data sources
- Name: Snam S.p.A.
- Ticker: SRG
- Exchange: BIT
- Founded: 1941
- Industry: Gas Utilities
- Sector: Utilities
- Implied Market Cap: €16.231b
- Shares outstanding: 3.27b
- Website: https://www.snam.it
Number of Employees
- Snam S.p.A.
- Piazza Santa Barbara, 7
- San Donato Milanese
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.